Piraeus Port Authority announced on Friday that the 2022 financial results marked a consecutive year of growth with a turnover of 194.6 million euros compared to 154.2 million in 2021, indicating an increase of 40.4 million or 26.2%. Profits before taxes amounted to 74.7 million euros compared to 49.2 million in the fiscal year 2021,… Read More
The California Association of Port Authorities (CAPA) issued the statement as the governments of California and Japan announced a letter of intent that pledges to develop green shipping corridors along a critical trade route in the global supply chain. Today, the California Association of Port Authorities applauded the announcement that the State of California would… Read More
From record volumes a year earlier the Port of LA handled 487,864 teu in February 2023, a 43% drop on the same month in 2022. “February declines were exacerbated by an overall slowdown in global trade, extended Lunar New Year holiday closures in Asia, overstocked warehouses and a shift away from West Coast ports,” said… Read More
The proposed night navigation facility at the Kolkata dock system, and the upcoming Rs 450-crore terminal in West Bengal’s Balagarh will enhance productivity of the Syama Prasad Mookherjee Port by 30 per cent, a top official said on Sunday. The SMP, earlier known as the Kolkata Port, is working closely with IIT-Chennai and Belgium’s Port… Read More
Hutchison Ports, a Hong Kong-based port operator, has invested USD 700 million in two key Egyptian ports: Ain Sokhna Port in the Red Sea, and the Port of Alexandria. This investment brings Hutchison Ports’ total investment in Egypt to more than USD 1.6 billion so far. The investment will include the development of a new… Read More